CAD: International Merchandise Trade report for August eyed - TDS

Research Team at TDS, suggests that the Canada’s International Merchandise Trade report for August will be closely watched for any sign of a correction following the significant gains in July.

Key Quotes

“TD looks for the deficit to widen from $2.5bn to $3.0bn as a portion of last month’s gain in non-energy exports in unwound while nominal imports are expected to push higher. The market looks for a more upbeat $2.45bn deficit, though the consensus is very divided.”